Square 1 Bank Announces Credit Facility to VisiQuate, Inc.
28 April 2015 - 10:00PM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
credit facility to new client VisiQuate, Inc., a Big Data company
serving enterprise clients in the healthcare, energy and finance
industries. Proceeds will be used to provide additional working
capital and drive company growth.
Founded in Santa Rosa in 2009, VisiQuate is led by a team of
recognized analytics experts, including co-founders Brian
Robertson, JK Kolmansberger and Rich Waller, whose expertise has
helped large enterprises reduce costs, increase revenue and improve
operational efficiency. VisiQuate was built on a foundation of
leading healthcare clients, including Cleveland Clinic, Geisinger
Health Systems and Orlando Health, but has learned that its Big
Data solutions bring measureable benefits to a number of
industries. The company has recently added an energy division.
"VisiQuate is proud to partner with the Square 1 Bank team in
our mission to use analytics. We turn the confusion of unfiltered
Big Data into a series of actionable insights that are available to
users at all levels of the enterprise," said Brian Robertson, chief
executive officer of VisiQuate. "The solutions we deploy today are
personalized for individual users and their roles, from the C-suite
to the cubicle. By democratizing data across the enterprise and
featuring capabilities like right-click worklisting, our analytics
lead to advanced performance outcomes for users in measurable ways
every day."
Andy Weyer, senior vice president in Square 1 Bank's Bay Area
practice, added, "VisiQuate was originally referred to Square 1 by
our trusted partners at First Analysis. We were attracted to the
Company's solid business fundamentals, enormous market opportunity
around actionable business intelligence products and experienced
management team. Our team moved quickly to provide a competitively
priced debt facility to refinance VisiQuate's existing working
capital facility and support the Company's growth financing needs
with ample structural flexibility. We are proud to be VisiQuate's
banking partner and look forward to supporting the company's future
growth."
About VisiQuate
Founded in 2009, VisiQuate offers proven solutions that manage
the volume, variety, and velocity of Big Data. The company's
enterprise-scale Business Analytics integrate and simplify complex
data and present it as insights and actionable workflows. For users
at all levels, the app-like visualizations feel more retail than
corporate. Hidden root causes, trends, and opportunities become
clear, and lead directly to real-world results. VisiQuate clients
also benefit from the collective experience of industry domain
leaders who help them achieve the best performance outcomes.
Headquartered in Santa Rosa, CA, VisiQuate currently serves clients
in healthcare, energy, and other industries. For more information,
visit www.visiquate.com or contact info@visiquate.com.
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital
community and entrepreneurs in all stages of growth and expansion.
Square 1's expertise, focus and strong capital base provide
flexible resources and unmatched support to meet our clients'
needs. Square 1 has offices coast-to-coast in Austin, the Bay Area,
Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New
York, San Diego, Seattle and Washington, DC. For more information,
visit www.square1bank.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
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